COMPARISONSTEEL BINS HOPPER WITH STEEL FOUNDATION & AERATIONSTEEL BINS FLAT BOTTOM STEEL FLOOR/AERATION/FAN

FLAT BOTTOM BIN WITH CONCRETE FOUNDATION & AERATION

BAGGING SYSTEM

Volume Required 120,000 120,000 120,000 120,000
Bushels 5390 19,106 20,000 12,500
# of Bins/Bags Required 22.26 6.28

6

9.6

Cost of Bin/Bag $19,300 $30,760 $39,000

$790

TOTAL COST $429,684.60

$193,172.80

$234,000.00

$7,584.00

INVESTMENT COST/BUSHEL

$3.58/Bushel $1.61/Bushel

$1.95/Bushel

$0.06/Bushel
Load-in Auger / Bagger $19,000 $19,000 $19,000 $33,200
Unload Auger / Unloader $10,500 $10,500 $10,500 $36,900
Grain Cart N/A N/A N/A

$34,900

Total Equipment Cost $29,500 $29,500 $29,500 $105,000
TOTAL SYSTEM COST $459,184.60 $222,672.80 $263,500.00 $112,584.00
TOTAL INVESTMENT COST/BUSHEL $3.83/Bushel $1.86/Bushel

$2.20/Bushel

$0.94/Bushel

ANNUAL BIN / BAG COSTS
Years of Life 25 25 25 10
Original Cost $429,684.60 $193,172.80 $234,000.00 $7584.00
Salvage Value $42,968.46 $19,317.28 $26,350.00 $10,500.00
Depreciation $15,468.65 $6,954.22 $9,486.00 $9,450.00
Operations Cost $9,453.06 $4,249.80 $5,797.00 $2,310.00
Repairs & Maintenance $8,593.69 $3,863.46 $5,270.00 $5,250.00
Interest on Investment $30,077.92 $13,522.10 $18,445.00 $7,350.00
ANNUAL AUGER COSTS
Years of Life 10 10 10  
Original Cost $29,500 $29,500 $29,500  
Salvage Value $2,950 $2,950 $2,950  
Depreciation $2,655 $2,655 $2,655  
Operations Cost $649 $649 $649  
Repairs & Maintenance $1,475 $1,475 $1,475  
Interest on Investment $2,065 $2,065 $2,065  
Annual BAG Cost/Bushel N/A N/A N/A $0.06/bushel
Spoilage - - - $0.10/bushel
TOTAL ANNUAL COSTS $70,437.32 $35,433.57 $45,842.00 $24,360.00
TOTAL ANNUAL COSTS/BUSHEL $0.59/Bushel $0.30/Bushel $0.38/Bushel $0.37/Bushel

*COST DATA  of Steel bins with hoppers and steel bin with concrete - (courtesy of FLAMAN Group of Companies)  NOTE: Study was done in 2011 by Saskatchewan Gov't .  This article is meant as for comparative purposes only.  The prices collected were given at time of article.  For up to date pricing, make sure you contact your local dealer of the respective manufacturer.  *Darmani provided pricing at time of article into this chart for comparative purposes. 

NOTE:  FOR UPDATED DARMANI BIN PRICING - GO TO PACKAGE PRICING -CROSS AIR OR SWING AIR

 

Providing Wholesale Grain Bin Storage Equipment for Canadian Farms